AGF Management Ltd. Sells 14,601 Shares of CocaCola Company (The) $KO

AGF Management Ltd. lowered its holdings in CocaCola Company (The) (NYSE:KO) by 5.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 265,131 shares of the company’s stock after selling 14,601 shares during the period. AGF Management Ltd.’s holdings in CocaCola were worth $17,583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KO. Brighton Jones LLC raised its stake in shares of CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after purchasing an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after acquiring an additional 293 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of CocaCola in the 1st quarter valued at about $210,000. Wealthcare Advisory Partners LLC increased its stake in shares of CocaCola by 8.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 46,468 shares of the company’s stock worth $3,288,000 after purchasing an additional 3,543 shares during the last quarter. Finally, OLD National Bancorp IN raised its holdings in shares of CocaCola by 3.9% in the 2nd quarter. OLD National Bancorp IN now owns 76,437 shares of the company’s stock valued at $5,408,000 after purchasing an additional 2,874 shares during the period. 70.26% of the stock is owned by institutional investors.

Insider Buying and Selling at CocaCola

In other CocaCola news, EVP Manuel Arroyo sold 139,689 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $70.80, for a total transaction of $9,889,981.20. Following the completion of the transaction, the executive vice president directly owned 58,067 shares in the company, valued at $4,111,143.60. The trade was a 70.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Henrique Braun sold 40,390 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $70.93, for a total value of $2,864,862.70. Following the completion of the sale, the chief operating officer directly owned 62,621 shares in the company, valued at approximately $4,441,707.53. This represents a 39.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 211,704 shares of company stock valued at $15,005,595 in the last ninety days. 0.90% of the stock is currently owned by company insiders.

CocaCola Stock Performance

KO opened at $75.36 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21. CocaCola Company has a 52-week low of $62.35 and a 52-week high of $75.70. The firm has a market cap of $324.18 billion, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 3.84 and a beta of 0.36. The business’s fifty day moving average is $70.92 and its 200-day moving average is $69.53.

Analysts Set New Price Targets

A number of research firms recently commented on KO. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $83.00 price target on shares of CocaCola in a report on Thursday. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a report on Thursday, January 22nd. TD Cowen restated a “buy” rating on shares of CocaCola in a research note on Wednesday, October 22nd. Piper Sandler lifted their price objective on shares of CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Wells Fargo & Company lifted their target price on shares of CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $79.69.

CocaCola Company Profile

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.